$73,500
SOLD JAN 15, 2024

7224 W 128th Ln Cedar Lake, IN 46303

2 Beds
1 Bath
608 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

18% Below List Price

33 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • En-Suite Primary Bedroom
  • Douglas MacArthur Elementary School Rated A
  • Cottage
  • Storage Shed

About This Home

As of February 2025

Attention Rehabbers- Here's a great opportunity to own a cottage that's walking distance to Cedar Lake! Two lots included in this price! This 2 bed/ 1 bath cottage has had A LOT of major renovation completed but is still unfinished. House has been leveled, new windows installed, new flooring, gutted bathroom, beautiful inclosed front porch area, open floor plan and a back area. This cottage sits on an oversized lot and is located on a dead end street..no through traffic. Use your creativity to complete the rehab on this cute cottage. Being sold AS-IS.-Under contract but still accepting back up offers.

Last Agent to Sell the Property

Shena Omotola

Skyward Realty, LLC Brokerage Phone: 219-627-2317 License #RB16001522 Listed on: 12/04/2023

Last Buyer's Agent

Heather Bahl

Better Homes and Gardens Real License #RB14052225

Better Homes and Gardens Real

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $190

Year Built

  • Built in 1930

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • 608 Sq Ft Home
  • Cottage
  • Fixer Upper

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Storage Shed

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 451523187049000043

Community Details

Overview

  • No Home Owners Association
  • Highwood Subdivision

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$190

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1930
  • Co List Office Mls Id: GNR1682
  • Subdivision Name: Highwood
  • Architectural Style: Cottage
  • GNR_Exterior: Wood
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: None
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: No
  • GNR_Well: No
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: false
  • GNR_ShortSaleYN: false
  • GNR_MiscFeatures: Fixer Upper
  • Attribution Contact: 219-627-2317
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other
  • Interior Amenities: Main Bedroom Bath, Main Floor Bedroom
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Storage Shed
  • Acres: 0.0574

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling Y N: No
  • Heating: None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 2500
  • Parcel #: 451523187049000043

Tax Info

  • Year: 2022
  • Tax Annual Amount: 190

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2025
Closed on
Feb 26, 2025
Sold by
Nwi Associates Llc
Bought by
Fugate Timothy and Fugate Wendolyn
Seller's Agent
Heather Bahl
Better Homes and Gardens Real
Buyer's Agent
Samantha Henderson
Rock Realty Group LLC
List Price
$180,000
Sold Price
$168,000
Premium/Discount to List
-$12,000
-6.67%
Total Days on Market
33
Views
119
Current Estimated Value
$135,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,214
Avg. Annual Appreciation
-50.82%
Original Mortgage
$100,000
Outstanding Balance
$99,919
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$35,867

Purchase Details

Listed on
Dec 4, 2023
Closed on
Jan 10, 2024
Sold by
Crump Tarrance and Crump Terriun
Bought by
Nwi Associates Llc
Seller's Agent
Shena Omotola
Skyward Realty, LLC
Buyer's Agent
Heather Bahl
Better Homes and Gardens Real
List Price
$90,000
Sold Price
$73,500
Premium/Discount to List
-$16,500
-18.33%
Views
85

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
109.20%

Purchase Details

Listed on
Mar 6, 2022
Closed on
Jun 13, 2022
Sold by
Lamberty Jr Edward M
Bought by
Lamberty William R and Crump Terriun
Seller's Agent
Kathleen Lee
Crown Executive Realty
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%

Purchase Details

Listed on
Mar 6, 2022
Closed on
May 20, 2022
Sold by
Lamberty Jr Edward M
Bought by
Lamberty William R and Crump Terriun
Seller's Agent
Kathleen Lee
Crown Executive Realty
List Price
$65,000
Sold Price
$65,000

Purchase Details

Listed on
Mar 6, 2022
Closed on
May 6, 2022
Sold by
Lamberty Jr Edward M
Bought by
Lamberty William R and Crump Terriun
Seller's Agent
Kathleen Lee
Crown Executive Realty
List Price
$65,000
Sold Price
$65,000
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Warranty Deed -- None Listed On Document
Personal Reps Deed -- Fidelity National Title
Personal Reps Deed -- Fidelity National Title
Personal Reps Deed -- Fidelity National Title
Warranty Deed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2025 02/26/25 Sold $168,000 -6.7% $238 / Sq Ft
02/06/2025 02/06/25 Pending -- -- --
01/11/2025 01/11/25 For Sale $180,000 +144.9% $255 / Sq Ft
01/15/2024 01/15/24 Sold $73,500 -13.5% $121 / Sq Ft
12/04/2023 12/04/23 Price Changed $85,000 -5.6% $140 / Sq Ft
12/04/2023 12/04/23 For Sale $90,000 +38.5% $148 / Sq Ft
05/06/2022 05/06/22 Sold $65,000 0.0% $107 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/06/2022 03/06/22 For Sale $65,000 -- $107 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,169 $45,700 $8,400 $37,300
2023 $888 $42,000 $8,400 $33,600
2022 $888 $40,200 $8,400 $31,800
2021 $832 $38,800 $8,400 $30,400
2020 $831 $37,600 $8,400 $29,200
2019 $1,292 $35,400 $8,400 $27,000
2018 $829 $34,200 $8,400 $25,800
2017 $843 $33,600 $8,400 $25,200
2016 $878 $33,600 $8,400 $25,200
2014 $1,106 $45,600 $8,400 $37,200
2013 $1,079 $43,200 $8,400 $34,800
Source: Public Records

Agents Affiliated with this Home

  • Heather Bahl

    Seller's Agent in 2025

    Heather Bahl

    Better Homes and Gardens Real

    (847) 636-3721

    13 in this area

    78 Total Sales

    Heather Bahl
    Section Image
  • Samantha Henderson

    Buyer's Agent in 2025

    Samantha Henderson

    Rock Realty Group LLC

    (219) 741-7064

    2 in this area

    24 Total Sales

    Samantha Henderson
    Section Image
  • Shena Omotola

    Seller's Agent in 2024

    Shena Omotola

    Skyward Realty, LLC

    (630) 517-0350

    1 in this area

    51 Total Sales

    Shena Omotola
    Section Image
  • Kathleen Lee

    Seller's Agent in 2022

    Kathleen Lee

    Crown Executive Realty

    (219) 616-5964

    2 in this area

    15 Total Sales

    Kathleen Lee
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR542457

Northwest Indiana Association of REALTORS®

APN: 45-15-23-187-048.000-043

Indiana Lake County Cedar Lake 46303

7224 W 128th Ln, Cedar Lake, IN

This home is located at 7224 W 128th Ln, Cedar Lake, IN 46303 and is currently priced at $73,500, approximately $120 per square foot. This property was built in 1930. 7224 W 128th Ln is a home located in Lake County with nearby schools including Douglas MacArthur Elementary School, Robert Taft Middle School, and Crown Point High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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